Job description
***This is not a remote opportunity. Position required to report to the Grand Rapids office daily.***
Job Summary:
Anti-Money Laundering (AML) Analyst position ensures adherence to Bank Secrecy Act (BSA) through transaction monitoring, investigation of suspicious activity, and the drafting of Suspicious Activity Reports (SARS). Makes recommendation to file SARs to the BSA Officer and documents findings. Maintains documentation to ensure compliance with Bank Secrecy Act and supports all elements of BSA, AML, USA, PATRIOT Act and Office of Foreign Assets Control (OFAC) requirements and in accordance with credit union policies and procedures.
Responsibilities
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Performs various BSA tasks related to customer transaction activity.
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Monitors customer account activity as outlined by established procedures, including reviewing alerts, generated from the AML monitoring software.
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Performs daily investigations of possible criminal activity using internal reports, the internet and other sources.
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Performs case-level investigations of potential suspicious activity and makes a recommendation to BSA Management regarding the filing of a Suspicious Activity Report (SARS).
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Prepares SARs for review for submission to FinCEN. Monitors cash transactions and wire transfers for unusual activity and maintains ongoing records.
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Reviews daily reports for possible structuring activity by bank customers.
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Assists with or performs BSA training with branch staff and other departments. Answers BSA/AML related questions and makes recommendations to BSA Manager for procedural changes.
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Performs other tasks in support of other BSA areas.
Preferred Education & Experience
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Previous compliance experience, preferably in BSA / AML. Two + years in a banking environment.
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A two-year college degree or completion of a specialized course of study at a business or trade school equivalent to approximately 64 credit hours.
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Analytical/Investigative skills to understand expected activity for individual members/member entities.
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Highly organized with attention to detail to ensure full and complete review of member alert and database of reviews/trends.
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High degree of accuracy and detail oriented.
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Excellent interpersonal, verbal and written communication skills, including strict confidentiality.
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Demonstrated in-depth knowledge of the Bank Secrecy Act and AML rules and regulations.
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Must have good working knowledge of Symitar, Application Extender/OnBase, Image Center, intermediate Excel and general computer skills, and ability to learn new software.
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